Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Hits New 1-Year High – Here’s What Happened

Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) hit a new 52-week high on Monday . The company traded as high as $24.95 and last traded at $24.95, with a volume of 894 shares traded. The stock had previously closed at $24.83.

Schwab Fundamental U.S. Large Company Index ETF Trading Up 0.8 %

The firm has a market capitalization of $5.73 billion, a PE ratio of 17.79 and a beta of 0.84. The business’s 50 day simple moving average is $24.05 and its two-hundred day simple moving average is $23.13.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 91.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,891 shares of the company’s stock valued at $195,000 after buying an additional 1,383 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Schwab Fundamental U.S. Large Company Index ETF by 11.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,610 shares of the company’s stock valued at $917,000 after buying an additional 1,420 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF in the 1st quarter worth about $58,000. Clear Point Advisors Inc. raised its position in Schwab Fundamental U.S. Large Company Index ETF by 4.7% in the 1st quarter. Clear Point Advisors Inc. now owns 19,774 shares of the company’s stock worth $1,333,000 after purchasing an additional 883 shares during the period. Finally, Cedar Point Capital Partners LLC raised its position in Schwab Fundamental U.S. Large Company Index ETF by 2.1% in the 1st quarter. Cedar Point Capital Partners LLC now owns 149,574 shares of the company’s stock worth $10,080,000 after purchasing an additional 3,040 shares during the period.

About Schwab Fundamental U.S. Large Company Index ETF

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.